Property description
A substantial three storey corner property comprising of a ground floor shop unit together with 2 self contained flats above. The property benefits from double glazing, central heating, steel roller shutters and smoke alarms.
The ground floor shop unit is vacant and would be suitable for a number of uses subject to the relevant consents. The two flats are both currently let by way of Assured Shorthold Tenancies producing £9360.00.
When fully let the potential rental income is in excess of £12,000 per annum.
GUIDE PRICES & RESERVE PRICESGuide PriceAn indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve PriceThe sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Property Features :
- SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : 31-MAR-2016
- LOT NUMBER : 69
- SHOP UNIT WITH 2 SELF CONTAINED FLATS ABOVE. DOUBLE GLAZING, CENTRAL HEATING, ALARMS AND SHUTTERS.
- Residential Investment